First US Bancshares Posts $0.36 Q3 EPS as Year-to-Date Diluted EPS Jumps 56%
FUSB sits 36% above its 52-week low of $12.15 on light trading volume (0.1× avg).
Summary
First US Bancshares earned $2.0 million, or $0.36 per diluted share, in 3Q2026, up from $0.31 in 2Q2026 and $0.32 a year ago. Nine-month net income reached $5.7 million, or $1.00 per diluted share, versus $0.64 a year earlier — a 56% gain that management credits to higher earnings plus the 2026 buyback campaign. Net interest margin widened to 3.66% from 3.56% sequentially as loan and securities yields rose while deposit costs held near 1.99%. Credit looks clean: nonperforming assets fell to 0.14% of total assets and annualized net charge-offs dropped to 0.22% from 0.30%. The soft spot is the balance sheet — total loans slipped 1.8% to $845.0 million on multi-family and construction payoffs, and tangible common equity fell to 7.71% of tangible assets from 8.56% at year-end after 627,500 shares were repurchased for the nine months. With the stock near its 52-week high of $16.99, the buyback at a $16.02 average nine-month price has been a real EPS tailwind.
At the time of this announcement, FUSB was trading at $16.50 on NASDAQ in the Finance sector, with a market capitalization of approximately $90.8M. The 52-week trading range was $12.15 to $16.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.